Latino-American Dream on Hold By Froma Harrop
Open most any urban newspaper to the foreclosure notices, and you'll find the list heavy with Hispanic names. Times are tough for Americans of every demographic, but for Latinos they are grimmer still.
Open most any urban newspaper to the foreclosure notices, and you'll find the list heavy with Hispanic names. Times are tough for Americans of every demographic, but for Latinos they are grimmer still.
With President Obama's signature affixed to the economic stimulus bill, his landmark victory can be put in proper political context. Regardless of that bill's manifest imperfections and the messy legislative process, the new administration achieved a difficult objective on the tightest possible schedule.
The unemployment rate in Ireland is 9.2 percent and expected to climb, perhaps as high as 15 percent. A real estate market that, according to Bloomberg, quadrupled from 1997 to 2007, is crashing.
The purpose of being a columnist is not to win friends. It is not to provoke silent nods of agreement. The goal is to strike a chord, hit a nerve -- which is to say, at least sometimes, make people mad. Controversy is good, not bad.
In the Middle Ages, when a young prince suddenly and prematurely became king, the royal court, the church leadership and other senior aristocrats would scrutinize his every word and habit for signs of what kind of mind would be deciding their country's fate and their personal prosperity and safety.
The War on Drugs is ridiculous, behold the storm over Michael Phelps' partaking of marijuana, an illegal substance that at least two presidents have used.
"Not since the Great Depression." "Not since the 1930s." You hear those phrases a lot these days, and with some reason. As Congress prepares to pass the Democratic stimulus package, it may be worthwhile to look back at Franklin Roosevelt's New Deal and consider how well it worked as policy -- and politically.
Quoth President Obama: "It's a little hard for me to take criticism from folks about this recovery package, after they've presided over a doubling of the national debt. I'm not sure they have a lot of credibility when it comes to fiscal responsibility."
Why would someone risk his life by, as the LA Times described, "extending his body away from a motorcycle and grabbing the seat as the motorcycle is upside down, then pulling back aboard as the motorcycle is righted before landing"? Or not. In which case, as it was with 24-year-old Jeremy Lusk, he ends up dead.
It's not a matter of "if." It's a matter of "when." As in, when will all of the feel-good rhetoric about Democrats and Republicans joining hands to solve the nation's problems come to an end and open partisan warfare resume in Washington?
It's never too early for the Crystal Ball to look ahead to the next election. But unlike the Wizard of Oz's phony orb (when he's still the Kansas medicine man who peeks into Dorothy's purse for photos of Auntie Em), we try to run an honest Ball.
I ran into a friend in Sacramento Tuesday -- one of the many disappointed Republicans who inhabit the capital -- who told me that he will never again vote for a candidate for governor who has not lost an election. He had soured on the lack of humility invasive in state politics.
The day after President Obama's big news conference, and on the day Treasury man Tim Geithner unveiled his Bank Bailout Nation TARP III Plan, stock markets plunged in a vote of no-confidence, with the Dow dropping nearly 400 points.
"Round up everybody that can ride a horse or pull a trigger," John Wayne says in "Chisum." "Let's break out some Winchesters."
Having allowed his Republican opponents to dominate the economic debate for two weeks as his stimulus proposal languished, President Obama used his first news conference to rebut them -- coolly and civilly, yet without leaving any doubt that he can strike back harder if necessary.
The patient is in trouble. That much we know. About that everyone is certain. There are mounting job losses, record deficits, banks failing, mortgages underwater, layoffs looming.
President Barack Obama's first presidential news conference was performed feebly by the once-ferocious White House press corps and shrewdly -- if deceptively -- by the president.
Back in May 2000, Harry Markopolos, a Massachusetts fraud investigator, provided detailed evidence to the Securities and Exchange Commission that financier Bernard Madoff was a fraud. Eight years later, the SEC figured that out -- albeit after Madoff told federal authorities he had defrauded investors of up to $50 billion.
Barack Obama never guaranteed he would end partisan rancor in Washington. He said he'd try.
The popularity of newly elected President Barack Obama combined with the willingness of most voters to give him the benefit of the doubt is a powerful political force working in favor of the economic rescue plan now being debated on Capitol Hill.